Self-Service Car Wash with
For Sale
$600,000
1451 N Nova Rd, Daytona Beach, FL 32117
Built in 2007 with automated and manual wash options on N Nova Rd.
Property Size3,000 SF
Price / SF$200
Days on Market25
Property Features for 1451 N Nova Rd
General Information
Standard status
Active
Size
3,000 SF
Building Details
Year Built
2007
Listing Agency:
ADAMS, CAMERON & CO., REALTORS
(386) 852-7932
Listed By:
Daniel Lyonnais · License #3196672
Source:
Livewelltampabay
Added: Aug 6
Changed: Aug 29
Last Checked: Aug 29 at 5:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ADAMS, CAMERON & CO., REALTORS
Investment Insights
Based on property information with market context.
This bank-owned car wash facility was built in 2007 and measures 3,000 SF. Its operating configuration includes one automatic bay and three self-service bays. The property has received upgrades over the years, including LED lighting and a digital sign.
Located at 1451 N Nova Rd in Daytona Beach, the site is positioned along a corridor with reported AADT of 30,500 daily. The facility requires additional work involving vacuums and miscellaneous parts. Extra inventory is also available, providing an additional operational consideration for the next owner.
Located at 1451 N Nova Rd in Daytona Beach, the site is positioned along a corridor with reported AADT of 30,500 daily. The facility requires additional work involving vacuums and miscellaneous parts. Extra inventory is also available, providing an additional operational consideration for the next owner.
Key Highlights
- One automatic bay and three self‑service bays
- 3,000 SF car wash facility built in 2007
- LED lighting and digital sign
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,556
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$911,120
$911.1K
Cap Rate 7%
$650,800
$650.8K
Cap Rate 9%
$506,178
$506.2K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$65.9K $21.96/SF
− Vacancy
−$5.1K −$1.71/SF
EGI
$60.7K $20.25/SF
− OpEx
−$15.2K −$5.06/SF
NOI
$45.6K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$911,120
Cap Rate 7%
$650,800
Cap Rate 9%
$506,178
Alternative Uses
Best Use
Specialty Retail
$650.8K
$569.5K – $759.3K
NOI $45,556 @ 7.0% cap · market cap 7.59%
Second Best
Retail
$403.7K
$353.2K – $470.9K
NOI $28,256 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$884.6K
$774.0K – $1.03M
NOI $61,920 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
74k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Groceries 33%
Dining 13%
Apparel 12%
Winn-Dixie
Groceries
24,205 visits/mo
0.1 miles
Goodwill
Apparel
8,759 visits/mo
0.2 miles
Mobil
Shops & Services
7,586 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,524 visits/mo
0.3 miles
SUBWAY
Dining
5,735 visits/mo
0.4 miles
Demographics for 32117, FL
28,223
Population
14,392
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,352
Density / Sq Mi
$52,132
Median Household Income
$32,189
Median Earnings
$1,392
Median Rent
$175,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Built in 2007 with automated and manual wash options on N Nova Rd.
Where is this self service car wash located?
The property is located at 1451 N Nova Rd Daytona Beach, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: One automatic bay and three self‑service bays; 3,000 SF car wash facility built in 2007; LED lighting and digital sign
